What did Larry Kudlow predict about the economy in June 2018?
Larry Kudlow, Director, White House National Economic Council ·
As the economy gears up, more people working, better jobs and careers — those revenues come rolling in, and the deficit, which is one of the other criticisms, is coming down, and it’s coming down rapidly. Growth solves a lot of problems.
Deficit rose: $665B → $779B → $984B
Kudlow said the deficit was coming down rapidly. It rose from $665 billion in fiscal 2017 to $779 billion in 2018 and $984 billion in 2019.
The federal deficit grew from $665 billion in FY2017 to $779 billion in FY2018 and $984 billion in FY2019, before the pandemic (Office of Management and Budget via FRED, series FYFSD).
Prediction vs. outcome · Economy
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- Interview on Fox Business Network.